Zacks Investment Research Downgrades ICF International (ICFI) to Sell

ICF International (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “ICF International could see escalation in costs because of its plans to make significant investments in capture and proposal activities, infrastructure and intellectual property development, loyalty program and acquisitions. Also, it remains embroiled with various legal matters and proceedings including the one associated with, the Road Home contract. Shares of the company have underperformed its industry in the past six months. Despite such negatives, the company’s international government business remains strong, courtesy of improvement in business development pipeline and win rates. Acquisition has been an important growth catalyst. ICF International is also banking on opportunities emerging from the bipartisan budget agreement.”

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Other research analysts have also issued reports about the company. BidaskClub lowered ICF International from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. ValuEngine lowered ICF International from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Barrington Research set a $86.00 price target on ICF International and gave the stock a “buy” rating in a research note on Thursday, December 6th. Finally, Cowen set a $85.00 price target on ICF International and gave the stock a “buy” rating in a research note on Monday, November 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. ICF International has a consensus rating of “Hold” and a consensus target price of $79.67.

Shares of ICFI stock opened at $66.00 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.36. ICF International has a fifty-two week low of $50.10 and a fifty-two week high of $82.25. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.56 and a beta of 0.68.

ICF International (NASDAQ:ICFI) last issued its earnings results on Thursday, November 1st. The business services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. ICF International had a return on equity of 10.24% and a net margin of 5.45%. The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $332.19 million. During the same period in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that ICF International will post 3.8 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Copper Rock Capital Partners LLC boosted its stake in shares of ICF International by 7.5% during the 3rd quarter. Copper Rock Capital Partners LLC now owns 421,934 shares of the business services provider’s stock worth $30,864,000 after acquiring an additional 29,474 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of ICF International by 2.4% during the 3rd quarter. Systematic Financial Management LP now owns 322,938 shares of the business services provider’s stock worth $24,366,000 after acquiring an additional 7,522 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of ICF International by 45.2% during the 4th quarter. Peregrine Capital Management LLC now owns 229,018 shares of the business services provider’s stock worth $14,836,000 after acquiring an additional 71,301 shares in the last quarter. United Services Automobile Association boosted its stake in shares of ICF International by 16.3% during the 2nd quarter. United Services Automobile Association now owns 150,306 shares of the business services provider’s stock worth $10,679,000 after acquiring an additional 21,062 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of ICF International by 238.2% during the 3rd quarter. Teachers Advisors LLC now owns 116,274 shares of the business services provider’s stock worth $8,773,000 after acquiring an additional 81,892 shares in the last quarter. Institutional investors own 90.57% of the company’s stock.

ICF International Company Profile

ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, market, business, communication, and technology challenges.